Monte Apartments

Investment Overview

Great opportunity to acquire 12 units in the Liberty Wells neighborhood. The Monte Apartments consist of three four unit buildings situated on one parcel. Built in 1979, the property offers a newer vintage than many of the surrounding multifamily properties in the area and features a very desirable unit mix. Each unit is a spacious townhouse-style 2 bed / 1.5 bath with approximately 1,004 square feet, central heating and A/C, and its own washer/dryer hookups. The property also has ample off-street parking with 22 parking stalls. With large floor plans, individual HVAC, washer/dryer hookups, ample parking, and a great central Salt Lake location, this is a property with a lot of long-term upside. There is plenty of opportunity for a new owner to increase rents over time and add value through unit improvements. Measurements and information are provided as a courtesy only. Buyer to verify all information. Owner/Agent.

Investment Highlights

• 12-unit multifamily investment opportunity
• 12,048 SF building
• Townhouse-style 2 bed / 1.5 bath units
• Renovated in 2012
• Zoned RMF-35
• Value-add potential through unit improvements